Fintechnews

The inaugural Singapore Fintech Festival, a week-long event organized by the Monetary Authority of Singapore (MAS) in partnership with The Association of Banks in Singapore (ABS), was one of the biggest fintech events ever organized, drawing over 10,000 participants from more than 50 countries.

A survey conducted by Deutsche Bank and FT Remark, the research arm of the Financial Times, found that a staggering majority (87%) of financial market participants are confident that blockchain technology will disrupt the settlement model for securities.

In Hong Kong, the government has encouraged fintech and insurtech innovation, which it believes will be a key enabler in designing better and more efficient work processes and new business models that will deliver higher growth, cost savings and better services for industry participants.